To: Hogger who wrote (2660 ) 8/30/1998 1:18:00 PM From: Mr. Forthright Respond to of 26163
Good to hear from you hogger. I do not dispute the fact that some shares may have been "illegally sold", therefore possibly creating an obligation on the part of certain parties to buy it back (in other words these people could technically be short the stock). That being said a lot of other remedies come to mind if somebody sold stock they should not have sold, such as giving back to the company the proceeds from the sale. I think also that if the shares were legally issued in the first place, it would seem unsual for any company to get so vocal about a orchestrating short squeeze just because some of its relationships with third parties have turned sour. But enough said, it is up to the court to decide, not me or anybody else here. What I am saying is that the "short" position (it would be more appropriate to refer to this situation as some shares being illegally sold according to the company, as the expression "short position" implies that the stock will be bought back. That we don't know, it is up to the court to decide) seems to have been created by people previously associated with the company. Even if these people sold the shares through Canadian brokerage firms it doesn't mean that the Evil Canadian Short-Sellers are ganging up on this company. As you know I object to people talking about stuff they don't know anything about, people who hype stocks, people who mislead investors and people who give only partial information. This whole issue about the supposedly "illegaly sold stock" has turned into the number 1 promotional tactic on this thread and that is wrong. Facts, that is what people need. Not more hype and debates between hypesters. Using this situation to create the false impression that the company is under attack and it will crush the short-sellers is at best misleading. Let the court decide and report on the facts as they get publicly announced by the company. I am watching.